LifeMD subsidiary WorkSimpli acquires resume-building software assets for $4M

LifeMD, Inc.

WorkSimpli Software, majority-owned by LifeMD, acquired resume-building software assets from East Fusion FZCO for $4M cash.
Seller gets quarterly payments equal to greater of 15% Net Profits or $62,500 for 2 years, min $500,000.
Purchase financed by LifeMD promissory note secured by guarantees from Fitzpatrick Consulting and Sean Fitzpatrick.
Acquisition closed on February 17, 2022.

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